Menu
Liability of RCM
No ITC of tax paid under RCM is available for composition dealer.
Replies (20)
No ITC of tax paid under RCM is available for composition dealer.
(No ITC of tax paid under RCM is available for composition dealer) What is this meaning Madam.,
yes its true CMP dealer cant avail ITC weather he has paid gst to registered dealer or by way of RCM
He has to pay straight away @ 1 or 2% whatever applicable on total supply irrespective of the GST paid to dealer or under RCM
Yes. You are exactly correct.
I agreed to Mr. Mubarak R Momin....
I agreed to Mr. Mubarak R Momin....
Even you pay tax at normal rate but no ITC is available for composition dealers. Means it is complee loss to you.
Recent Threads
- Best Ca Inter coaching in Laxmi Nagar
- Why do so many SMEs struggle to scale?
- ITR Processing Delay 2025 - Common Reasons & Pr
- Heard & Seen Around – Your Daily Economi
- First time itr4 filing
- Notice of not filing GSTR 10 after 7years
- Turnover not shown in GTSR -3B want to add and pay
- Suggestion needed for CA Inter Costing for Jan 26
- Heard & Seen Around – Your Daily Economi
- Longterm Capital gain exemption on sale of residen
Related Threads
CAclubindia
